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Omnitek Engineering Corp   (OMTK)
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Omnitek Engineering 's Quick Ratio

OMTK's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the third quarter 2023, Quick Ratio fell to 0.01 a new company low.

Within Auto & Truck Parts industry 44 other companies have achieved higher Quick Ratio than Omnitek Engineering in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 4195 to 4576.

Explain Quick Ratio?
How much Cash & cash equivalents OMTK´s has?
What are OMTK´s Current Liabilities?


OMTK Quick Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 1.01 % 10.45 % 0.42 % -0.17 % -0.91 %
Y / Y Cash & cash equivalent Change 45.73 % 18.6 % 22.24 % -16.97 % -69.28 %
Quick Ratio MRQ 0.01 0.01 0.05 0.04 0.01
OMTK's Total Ranking # 4576 # 4195 # 4320 # 4764 # 4948
Seq. Current Liabilities Change 1.52 % -0.03 % 2.06 % -2.49 % 11.01 %
Seq. Cash & cash equivalent Change -12.06 % -76.05 % 17.98 % 486.52 % -28.43 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Auto & Truck Parts Industry # 45
Consumer Discretionary Sector # 166
Overall Market # 4576


Quick Ratio Statistics
High Average Low
4.04 0.38 0.01
(Dec 31 2013)   (Sep 30 2022)




Financial Statements
Omnitek Engineering 's Current Liabilities $ 2 Millions Visit OMTK's Balance sheet
Omnitek Engineering 's Cash & cash equivalent $ 0 Millions Visit OMTK's Balance sheet
Source of OMTK's Sales Visit OMTK's Sales by Geography


Cumulative Omnitek Engineering 's Quick Ratio

OMTK's Quick Ratio for the trailling 12 Months

OMTK Quick Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 1.01 % 10.45 % 0.42 % -0.17 % -0.91 %
Y / Y Cash & cash equivalent TTM Growth 45.73 % 18.6 % 22.24 % -16.97 % -69.28 %
Quick Ratio TTM 0.03 0.03 0.03 0.03 0.03
Total Ranking TTM # 3613 # 3856 # 4064 # 4709 # 4489
Seq. Current Liabilities TTM Growth 1.52 % -0.03 % 2.06 % -2.49 % 11.01 %
Seq. Cash & cash equivalent TTM Growth -12.06 % -76.05 % 17.98 % 486.52 % -28.43 %


On the trailing twelve months basis In Spite of the rise in Current Liabilities in the III Quarter 2023 to $1.57 millions, cumulative Quick Ratio remained unchanged at 0.03 below the Omnitek Engineering Corp average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Auto & Truck Parts industry 43 other companies have achieved higher Quick Ratio than Omnitek Engineering . While Quick Ratio overall ranking has improved so far to 3770, from total ranking during the twelve months ending second quarter 2023 at 4078.

Explain Quick Ratio?
How much Cash & cash equivalents OMTK´s has?
What are OMTK´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Auto & Truck Parts Industry # 44
Consumer Discretionary Sector # 169
Within the Market # 4576


trailing twelve months Quick Ratio Statistics
High Average Low
0.77 0.07 0.02
(Sep. 30, 2015)   (Jun 30 2019)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Auto & Truck Parts Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Omnitek Engineering Corp   0.01 $ 0.016  Millions$ 1.568  Millions
Arcimoto Inc   0.01 $ 0.233  Millions$ 29.494  Millions

Date modified: 2023-11-21T23:10:42+00:00



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